CNO Financial finalizes $10M life insurance settlement
CNO Financial Group Inc. has finalized plans to set up a $10 million fund to settle a multistate investigation into increases
in policy costs.
Insurance Regulators
Obama gives states $250 million to review insurance premiums
WellPoint may face the most threat from more aggressive reviews. The Indianapolis insurer is the leader in small-business
and individual policies, areas that have seen the biggest increases in recent years.
Sebelius warns states to check WellPoint hikes
The Obama administration has asked state regulators to double-check premium hikes from Indianapolis-based health insurer WellPoint
Inc. after an audit found problems with proposed California increases.
Consumer group sues Anthem over policy changes
A consumer watchdog group filed a lawsuit Monday against WellPoint’s California subsidiary on behalf of policyholders, claiming
they were pushed to take coverage with fewer benefits and higher deductibles.
WellPoint records subpoened in California probe
The California attorney general has demanded documents from several health insurers, including Indianapolis' WellPoint,
believing that their rate-setting and claims practices might be illegal.
WellPoint CEO blames health costs for hikes
Amid attacks from Democrats over high executive salaries, Angela Braly testified in Washington, D.C., on Wednesday that big
insurance-premium increases are
the result of growing price tags for hospital care and pharmaceuticals.
California regulator finds Anthem Blue Cross violations
California’s insurance regulator said Monday his office has found more than 700 violations by the state’s largest for-profit
health insurer, a subsidiary of Indianapolis-based WellPoint.
Insurers warn of problems with federal regulator
President Obama’s latest push for a health care overhaul could drive health plans around the country into insolvency, according
to an insurance trade group.
WellPoint, insurance commissioner get earful from lawmakers
State House insurance committee chair grills executives about WellPoint’s 21-percent premium increase for individual policyholders
in Indiana.
State lawmakers to probe WellPoint premium hikes
Three WellPoint executives will be on hand Wednesday morning to answer questions about premium increases on its individual
policies, which have risen as high as 39 percent this year.
WellPoint delays investor meeting to testify on rate flap
The Indianapolis-based insurer, preparing for Congressional testimony on proposed premium increases in California, says its
earnings forecast is now less clear.
WellPoint to delay insurance rate hike in California
The planned rate increase, which state officials estimated would affect about 700,000 customers, averaged 25 percent and would have been as high as 39 percent for some.
Officials ask Anthem to justify rate hike in California
Anthem has declined to say how many of its 800,000 individual policyholders in California are being affected by the hike.
But Health and Human Services Secretary Kathleen Sebelius demanded specifics in a sternly worded letter.
Maine protest targets Anthem’s rate-hike appeal
Demonstrators on Wednesday backed Maine’s insurance superintendent for rejecting a request from the state’s largest private health insurer seeking an 18-percent rate hike for its individual insurance plans.